Question

Consolidated Statements of Earnings For Fiscal Years Ended ($ millions) February 26, 2011 February 27, 2010 February 28, 2009 Revenue 50.272 $ 49,694 $ 45,015 Cost of goods sold 37 611 37,534 34,017 Restructuring charges - cost of goods sold Gross Profit 12,637 12,160 10,998 Selling general and administrative expenses 10.325 9,873 Restructuring charges Goodwill and tradename impairment Operating income 2,235 1,870 Other income (expense) Investment income and other 54 Investment impairment (111) Interest expense (94) Earnings before income tax expense and equity in income of affiliates 2,195 1.700 Income tax expense 802 Equity in income of affiliates 1 Net earnings including noncontrolling interest 1,366 Net income attributable to noncontrolling interest (89) Net income attributable to Best Buy Co., Inc. $1,277 $1,003 2,078 1.394 Consolidated Balance Sheets (5 millions, except footnotes) February 26, 2011 February 27, 2010 Assets Current assets Cash and cash equivalents $1,103 51,826 Short-term investments 22 Receivables 2348 2,020 Merchandise inventories 5,897 5,486 Other current assets 1,103 1,144 Total current assets 10,473 10,566 Property and equipment Land and buildings 766 757 Leasehold improvements 2,318 2154 Fixtures and equipment 4701 4.447 Property under capital lease 120 7,905 7,453 Less: Accumulated depreciation 4082 3.383 Property and equipment, net 3,823 10 4,070 Goodwill 2,452 Tradenames net 133 2,454 159

Answer 1

		2011	2010
Current ratio	Current assets / Current liabilities	10,473 / 8,663	1.21	10,566 / 8,978	1.18
Quick ratio	(Cash + Investments + Receivables) / Current liabilities	(1,103 + 22 + 2,348) / 8,663	0.40	(1,826 + 90 + 2,020) / 8,978	0.44
Times interest earned	(Earning before tax + Interest expense) / Interest Expense	(2,078 + 2 + 87) / 87	24.91	(2,195 + 1 + 94) / 94	24.36
Liabilities to equity	Total Liabilities / Total equity	(8,663 + 1,183 + 711) / 7,292	1.45	(8,978 + 1,256 + 1,104) / 6,964	1.63